Forestry Equipment Market Size, Share, Industry, Forecast, and Outlook (2024-2031)
Forestry equipment includes specialized machinery and tools for logging and forest management tasks such as felling trees, processing logs, and transporting timber. Key types of forestry equipment are harvesters, forwarders, skidders, feller bunchers, mulchers, chippers, loaders, and delimbers. These machines improve efficiency, safety, and sustainability in forestry operations, aiding in effective forest management and timber production.
Forestry Equipment Market Overview
Forestry Equipment Market Expected to reach a high CAGR of 4.2% By 2031
The growing population, urbanization, and economic development in emerging economies have led to increased construction activities, driving the demand for timber and the need for efficient logging and harvesting equipment.
Chinese forestry equipment manufacturers have collaborated and partnered with international companies and organizations to expand their global presence. These collaborations include joint ventures, technology transfers, and strategic alliances with foreign manufacturers, enabling Chinese companies to leverage international expertise, access new markets, and enhance their product offerings. As a result, these partnerships have given Chinese manufacturers a competitive edge, allowing them to capture nearly half of the regional market share in the global forestry equipment industry.
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Forestry Equipment Market Trends
Sustainable Forest Management Practices
Forest certification programs, such as the Forest Stewardship Council (FSC) and the Programme for the Endorsement of Forest Certification (PEFC), are increasingly recognized worldwide. These standards ensure forests are managed sustainably, balancing environmental, social, and economic factors. As these certification standards gain traction, there is a growing demand for advanced forestry equipment that supports sustainable practices, including selective logging and minimizing environmental impact.
Governments and international organizations have also implemented stricter environmental regulations to promote sustainable forest management. For example, the European Union Timber Regulation (EUTR) bans the trade of illegally harvested wood. To comply with such regulations, modern forestry equipment is required, especially those with advanced monitoring and tracking capabilities that enable traceability, verify legality, and support sustainable practices. This drives the demand for sophisticated forestry equipment that meets these regulatory and sustainability requirements.
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Forestry Equipment Market is segmented
By Equipment: Felling Equipment, Extracting Equipment, On-Site Processing Equipment, Others
By Distribution Channel: Supermarket/Hypermarket, Hardware Stores, E-Commerce, Others
By Automation: Fully-Automatic, Semi-Automatic, Manual
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Forestry Equipment Market Key Players
· AB Volvo
· Caterpillar Inc.
· Deere & Company
· Doosan Infracore Co. Ltd.
· Eco Log Sweden AB
· Grema
· Hitachi Construction Machinery Co.
· Husqvarna AB
· Kesla OYJ
· Komatsu Forest
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